Private Circulation for LIC Pensioners only

( A monthly e-Magazine of LIC Retired Class I Officers’ Association, Kolkata )

August, 2014 Vol. 1-2013 : 2 issues Vol. 2-2014 Issue - 8

Chief Editor :

Basudeb Das

Editorial Board : S.K. Mazumder

A.K. Goswami

S.K. Chakraborty

S.K. Ghosh

D.K. Ghosh

T.K. Sanyal

A.K. Mahato

IN THIS ISSUE:

Editorial

Legal News

Assocn News

LIC News

Financial News

Health Tips

Of Interest

Pensioners’ News

Pensioners’ Tour

Jokes

EDITORIAL

Might is right is a trend we find to be practised in every walk of our life.

Be it politics, administration, judiciary….everywhere. Where argument

ends, show power of muscles to win. But when our Constitution, Govt and

Judiciary are involved in it, then it is really shocking. We find poor people

cannot represent their case in court and judiciary becomes helpless and

accused gets scot free. We find number of innocent persons behind the

bars for years together for want of justice. Today the main source of so

many writs in the courts are due to autocratic attitude of authorities who

dare to ride roughshod of judicial orders.

LIC pensioners are also victims in keeping with tradition of the country.

LIC Board took resolution, Jaipur HC ordered for obeying the resolution

without reference to Govt. Punjab & Hariyana , Delhi High Courts

referred Jaipur verdict and upheld their judgements in favour of

pensioners, LIC’s appeal to stay was rejected by Supreme Court, still Govt

is showing audacity to deny the Court orders and delaying to deprive

pensioners who are leaving this world with heavy heart. Then what is the

difference between an Autocratic Authority and a Constitutional

Authority?

Govt revised pension after each pay commission, agreed to revise RBI

pension recently. By not doing pension revision in LIC, Govt will attract

violation of Art. 14 of the Constitution also as per Nakara case. Let us

hopefully expect that the new Govt will consider our representations and

obey Court orders as Hon’ble Modiji was the first leader to preach

OROP(one rank one pension) for military personnel.

Alongwith persuing the Govt, judicial intervention should continue. The

remedy is not only Contempt, but filing Writ of Mandamus also seeking

direction of Court on Govt for implementation of High Court orders.

Mandamus is a judicial remedy for an aggrieved person in the form of an

order from a superior court, to any government, subordinate

court, corporation, or public authority—to do (or forbear from doing)

some specific act which that body is obliged under law to do (or refrain

from doing)—and which is in the nature of public duty, and in certain

cases, one of a statutory duty. Mandamus may be a command to do an

administrative action or not to take a particular action, and it is

supplemented by legal rights.

LEGAL NEWS :

JAIPUR CASES - LIC ASKED TO FILE REPLY WITHIN 2 WEEKS

The cases were to come up today but due to strike of Advocates the proceedings were slow and at

4.25pm, the court could complete 130 cases.

When it rose I drew the attention of the court to our cases and said that on their own request LIC was

given six weeks time but though today eight weeks have expired there is no reply and that there is no

need of any reply since merits are not to be examined by this Court. It is only the implementation

matter and has to be implemented in whatever shape it is.

The Court called for if any body has come from LIC, then the ADM Law rose from whom the Court asked

the reason for not filing the reply, firstly he took the plea that on account of Advocates’ strike it could

not be filed, which I objected and said that Advocates are only not appearing in the court filing has not

stopped. then he said that there were transfers which also I objected that LIC did not stop working

during this period then why this work was not done, this is contempt of the court.

Since the time was over the ADM was asked to file reply within two weeks definitely otherwise it will be

closed. I again said what is the reply they should give time within what period the payment is to be

made as per the comparative statement has been filed by me. But since time was given it was stuck.

………KML Asthana

PENDING

Date of query : 26/7/2014 Time : 12:00:49 AM

CW'3508' of 2014 - R 6604/2014

Petitioner : ALL INDIA RETIRED INSURANCE ORS

Respondent: L I C OF INIDA

Petitioner Advocate: SANJAY GANGWAR

Respondent Advocate: ARUN SHARMA

Class Code : 0521 Registered on : 27/3/2014

Bench : SB Stage : FOR ADMISSION- NOTICE SERVED

DATE GIVEN BY: PESHI CLERK DATE

Date of Listing : 25/8/2014

Listed in court No. 5 on 21/07/2014

LIC’S SLP AGAINST RAJASTHAN HIGH COURT DIVISION BENCH DISMISSED BY SUPREME COURT"

Item No. 13 COURT No. 3 Section XV

S U P R E M E C O U R T O F I N D I A

RECORD OF PROCEEDINGS

Petition(s) for Special Leave Petition to Appeal © …….CC No.(s) 8090/2014

(Arising out of impugned final judgment and order dated 17/12/2-12 in DBSA 1492/2002

passed by the High Court of Rajasthan at Jaipur)

LIC Petitioner(s) Vs.

Mahesh Chand Jain Respondent(s)

With appln.(s) C/delay in filing SLP and C/delay in refiling SLP)

Dated: 02/07/2014 This petition was called on for hearing today.

CORAM:

HON’BLE MR. JUSTICE T.S.THAKUR

HON’BLE MR. JUSTICE C. NAGAPPAN

For Petitioner(s) Mr. V.Giri, Sr. Adv.

Mr. Ashok Panigrahi, Adv.

For Respondent(s)

UPON hearing the counsel the Court made the following.

O R D E R

Heard.

Delay condoned.

In peculiar facts and circumstances of this case we do not consider the present to be a fit case for our

interference under Article 136 of the Constitution of India.

The special leave petition is accordingly dismissed.

(Shashi Sareen) (Veena Khera)

Court Master Court Master

The counsel for LIC stated that the calculations regarding the benefits to be given to the

petitioner were being assessed and the same will be deposited before the Court within a

period of six weeks from 7th July,2014. In case the petitioner makes an appropriate

application for release of the amount, the same shall be considered as and when the same

is moved. Listed again for 27th Jan’2015.

MC JAIN CASE: CH MAHADEVAN WRITES TO LIC FOR EARLY IMPLEMENTATION

The Executive Director (Personnel),

LIC of India, Central Office,”Yogakshema”

Mumbai - 400021. 19/7/2014

Dear Sir,

Re : Supreme Court Order dt 2/7/2014 in the case of LIC vs M C Jain

Kindly find attached the Supreme Court Order dt 2/7/2014 dismissing the SLP No 16713/2014

of LIC filed against the Jaipur Division Bench judgment of Rajasthan High Court dated

17/12/2012. I also attach the *note prepared by me on the wider implications of the afore-sited

Supreme Court Order for the petitioners and also similarly placed retired Class I & II Officers

and other Class I Officers( both in-service and retired) who were in Class I/Class II cadre as at

1/8/1992 and consequential benefits to family pensioners.

Incidentally, in my view, the present Chairman and Managing Directors of the Corporation are

implied beneficiaries of the judgment in a restricted sense.

I am sure that the Corporation will objectively implement the judgment at the earliest providing

the benefits flowing to all the direct and indirect beneficiaries.

I am writing this letter because I consider myself as also an implied beneficiary of the judgment

,being entitled to arrears of difference in salary for the period from 1/8/1992 to 31/3/1993,

even though I retired only on 31/1/2002, as I believe that the Corporation will not discriminate

between those retired before 31/3/1993 and those who retired thereafter.

Thanking you,

Yours faithfully,

C H Mahadevan, Executive Director (LIC) (Retd)

Cc to Chairman,LIC of India,Mumbai , for kind information and appropriate action

*THE NOTE: Other Implications flowing from the judgment

1. These benefits will also have to be extended to similarly place retired Class I Officers & Class II

Officers.

2. Even when refixation of pension I s done from 1/11/1993, DR anomaly will persist which has to be

removed in terms of the Jaipur SJB Order dt 12/1/2010 where re-fixed basic pension exceeds Rs 2400 ;

3. Salary revision will also have to be done for Class I pensioners & Class II pensioners who retired after

1/4/1993 w.e.f 1/8/1992 with consequential benefits like revision of pension ,if any;

4. In-service Class I Officers & Class II officers who entered the cadres before 1/8/1992 will also be

entitled to the salary revision w.e.f. 1/8/1992 and arrears on account of difference in salary from August

1992 to March 1993 ;

5. In respect of Class I Officers & Class II Officers who retired after 1/4/1993 and died thereafter, the

spouse/nominee will be entitled to difference in salary from Aug ust 1992 to March 1993, and difference

in pension up to the date of death and also refixation of family pension as well as the arrears of

family pension from the date of death of the retired officer.

6. In respect of family pensioners, where regular Class I pensioners & Class II pensioners retired between

1/8/1992 and 31/3/1993 expired during that period, Family Pension will also have to be revised besides

payment of arrears of salary from 1/8/1992 ;

7. Also family pensioners where the officers entered the Class I cadre & Class II cadre before 1/8/1992

and continued in service till their death after 1/4/1993 will be entitled for arrears of revised salary due

from 1/8/1992 to 31/3/1993, and revised family pension from the date of death of the officer;

8. The benefit of the judgment will also have to be extended to Class II Officers who became Class I

Officers after 1/8/1992

9. Interestingly, Class I Officers who were appointed to the post of MD or Chairman( from among Class I

Officers in LIC) after 1/4/1993 will also be beneficiaries of this judgment.

Result of dismissal of LIC’s SLP (Civil) 16713-2014 Supreme Court : CH MAHADEVAN

1. As a result,LIC has to refix the salary of Mr M C Jain on 1/8/1992 and arrears of difference in

salary have to be paid for the months from Aug 1992 to March 1993;

2. Pension has to be refixed based on revised scale of pay from 1/11/1993;

3. Arrears of difference in pension from 1/11/1993 till date have to be paid.

4. Difference in commuted value of pension has to be paid on account of revision of pension;

5. Restoration of consequential difference in commuted value of pension to be done from the

date of completion of 15 years from the date commutation became absolute;

The present position of cases is narrated below:

Supreme court of India: 1) Civil Appeal no 8959 to 8962 of 2013 (LIC vs KML Asthana) against the

judgment of Rajasthan HC - Listed for 12/08/2014.

2) Civil Appeal no 9223 of 2013 (LIC vs Fedn. of Retd. LIC Class-I Officers’ Associations) against the

judgment of Delhi HC is adjourned till 2nd

week of Aug, 2014. Asthanaji has filed one Intervention

Application.

Sri GN Sridharan's e-circular dt 11/07/2014 is reproduced below--LIC RETIRED CLASS-I

OFFICERS" ASSOCIATION

Re . Refixation of pension for retirees of the period 1-8-92 to 1-4-93

We are glad to inform that the SLP 8090/2014 filed by LIC stands dismisse d by the Supreme Court. We

got the information from our advocate *(Name not disclosed) who, under our instructions, was keeping

a track of the matter and was ready to file our impleading pettition in case notice was ordered. As the

SLP has been dismissed at the preliminary stage itself, we are immediately taking up the matter with

the CO for issuing necessary administrative instructions. *(Letter to CO not circulated) The above

development vindicates our policy of dealing with issues affecting Class I retirees alone peculiarly,

one by one and step by step..

We are glad that some of our Units have sent special contributions called for by for this purpose. The

rest of the units are in the process of sending the same. We request and expect them to expedite.

The fund augmented thus will be utilised appropriately.

GN Sridharan

Gen. Secy Fedn of retd. LIC class 1 Occicers Assns', Camp: New Delhi

*italics added.

KML ASTHAN REACTS : THIS IS TOTALLY FALSE THAT THIS WRIT PETITION OF SHRI MC JAIN HAD ANY

CONNECTION WITH GNS. I HAD FOUND OUT THE ANOMALY, MOTIVATED HIM TO FILE THE WRIT

PETITION, DRAFTED THE NOTICE OF DEMAND AND WRIT PETITION AND MY ADVOCATE CONTESTED THE

SAME ON BEHALF OF SHRI MC JAIN. NOW SHRI MC JAIN HAS FILED THE WRIT OF IMPLEMENTATION

WHICH WAS ALSO DRAFTED BY ME AND AM PURSUING. EARLIER AND EVEN NOW, HE IS ACTING

AGAINST THE PENSIONERS AND NOW HE IS TAKING CREDIT OF THE DISMISSAL OF SLP BY THE SC.

REALLY STRANGE, HOW A MAN CAN BE SUCH CLEVER AND MISLEAD PEOPLE. (GNS’s reply yet to be

received)

NOIP WRITES TO GOI: Shri Arun Jaitley,

Honourable Finance Minister,

Government of India, New Delhi

Respected Sir,

Re: Plight of LIC’s Pensioners

At the outset, we heartily congratulate the NDA Government on its splendid and clear mandate given by

the voters of this country with the fond hope that the misdeeds of the UPA Govt are undone for the

betterment of each and every citizen of this great country. We are equally happy that a legal luminary

like you with erudite and clear thinking is bestowed upon the portfolio of Finance. We LIC’s Pensioners

in particular, look to you with hope and aspirations in resolving the long pending legal wrangling and

render justice. We implore upon your personal intervention in respect of the following aspects for

issuing necessary instructions to undo the injustice perpetrated on us by the outgoing UPA Govt.

1) One Rank One Pension- It is heartening to note that Shri.Modiji , Hon PM has assured ‘One Rank One

Pension’ to the Military Personnel on every platform including the floor of the Parliament. Analogically,

we strongly feel, it should be made applicable to LIC pensioners too for the grave fact that Executive

Directors retired 10-15 years back are getting a pittance as pension, much less than the pension payable

to a Clerk retiring now. This is a great anomalous situation indeed! To render justice to the LIC

pensioners and with a view to obviate this anomaly, LIC’s Board passed a resolution dtd.24th November

2001, recommending 100% neutralization of Dearness Relief to pre-August 1997 retirees and up

gradation of basic pension on every wage revision to existing employees. Till date the said resolution is

not implemented by LIC/GOI. Single Judge Bench of the Rajasthan HC, Jaipur, deciding the Writ Petitions

6676/1998 & 654/2007, gave its verdict dtd.12-01-2010, directing the LIC to implement its resolution

dtd 24-11-2001 in- toto. Punjab & Haryana High Court, Chandigarh, gave a similar verdict, ordering

arrears to be paid with 12% interest. And also Delhi High Court in a similar case, basing its order on the

verdict of Jaipur Bench of Rajasthan HC, ordered the implementation “in rem”. Unfortunately till date

the judgment is not implemented and LIC/GOI have been engaged in protracted legal battle with the

hapless pensioners and case is pending in Supreme Court vide SLPs 16755-16758/2013. Poor pensioners

are being made to run from pillar to post from one Court to the other yearning for speedy justice. Legal

battle has been protracted for more than 15 years which is in contravention to the 4 year old National

Litigation Policy. Said Policy is in a limbo. Govt should not be a compulsive litigant in respect of cases

pertaining to retiral/pension benefits of pensioners/senior citizens. No appeals should be preferred by

the Govt if this Conscientitious Policy is to be made a reality. But alas, no due regard was given to the

National Litigation Policy by the very authority which formulated it. (By the previous UPA-2 Govt). About

40,000 LIC’s Pensioners would remember you in the annals of Indian parliamentary history as the

Finance Minister who respected the Rule of Law, if you kindly issue instructions to implement the

captioned judgments in toto. Truly said by the legal luminary of the country Shri V. R. Krishna Iyer-

‘ What is discriminatory is arbitrary and what is arbitrary is unconstitutional’.

It is pertinent here to note that VIth Pay Commission has recommended up gradation of basic pension

consequent upon wage revision of Govt employees. Also in March 2014, Govt accorded in principle

approval for up gradation of pension of RBI Pensioners with wage revision and talks with the RBI

employees’associationsareinprogress.

Hence we earnestly request the Govt to withdraw all litigations and honour the verdict of Jaipur Bench

of Rajasthan HC granting 100% DR neutralization to all pensioners and upgrade basic pension with every

wage revision to ensure equity and fair play. It has been decided by the Supreme Court in a famous

Nakara case that all pensioners should be put on a similar footing irrespective of their dates of

retirement.

2) Family Pension- VIth Pay Commission also recommended 30% of last pay drawn as family pension and

full pension if one completes 20 years of service. For RBI pensioners, the Govt issued gazette notification

dtd Jan 12-Jan 18, 2013, granting flat 30% of last pay drawn as family pension and full pension if 20 years

service is completed. We request the same to be adopted for LIC pensioners.

3) Computation of Basic Pension- VIth Pay Commission has also recommended computation of pension

as average of last 10 months’ basic pay or 50% of last drawn basic whichever is beneficial to the retiree.

This ensures un anomalous situation if one retires in the intervening period of new wage revision. We

request same rule to be applied to LIC pensioners as thousands of pensioners are affected in LIC due to

the faulty method of computation of pension, being followed in LIC in such cases.

4) Increased pension to pensioners of age 80 and above- VIth Pay Commission has recommended

increased pension to very senior citizens of age 80 and above. The same may please be granted to LIC

Pensioners too.

5) One more pension option- We have been demanding one more option for pension to those who did

not opt earlier. The said facility was given to Bank Pensioners during the last wage revision. But LIC

employees /pensioners were deprived of this offer. Hence we request the Govt to grant one more

option to opt for pension as there are hardly 15% who have been left out of the pension net.

Anticipating your kind and favourable action in the matter,

With kind regards,

Yours sincerely,

General Secretary

A BOLD DECISION

RETIRED LIC CLASS I OFFICERS’ ASSOCIATION, HYDERABAD

(Affiliated to the Federation of Retired LIC Class I Officers’ Associations)

President: Secretary:

Sri C.H.Mahadevan Sri Y V Subba Rao,

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Minutes of the Special meeting of the Executive Committee held at Athithi Inn on 14 July 2014

1. This urgent special meeting was called at the request of Sri M Sreenivasa Murty, member of the EC.

Mr Murty, who has been interacting with Sri GN Sridharan, General Secretary of the Federation and

other leaders & activists, desired to apprise the EC and the available senior members of the Association

about his efforts to coordinate the on-going litigation before the Supreme Court and various High

Courts. The meeting was also convened to take appropriate decisions on the next steps, after hearing

him and after all the issues are thoroughly discussed in the EC and after obtaining the opinion and

advice of the special invitees.

2. The meeting was very well attended. Sri C H Mahadevan, President of the Association presided and

explained to the members present, the background and the purpose of the urgent meeting. He brought

to the notice of the members that as a member of the EC of the Federation, he responded to various

communications received from the General Secretary from time to time with particular reference to the

Federation General Secretary’s Circular dated 4th

June 2014 and how General Secretary appeared to be

bent upon pursuing his own plan of action in the Supreme Court without subjecting the same to any

worthwhile review. He also informed the EC about the conference call he and Mr Murty had with Sri S K

Kapahi, the President of the Federation, on the evening of 12th

July 2014. Mr Mahadevan also reported

to the EC that during the fairly long call with Mr Kapahi, the latter was fully briefed about our serious

concerns on how the General Secretary is pursuing his moves before the Supreme Court and how when

all our efforts to persuade him to look at the other options fail, we may be constrained to protect the

interests of our members by supporting those who are intervening in the SC. On being told that we may

have to register our Association and convene an Extraordinary General Body Meeting to revive the

proposal for disaffiliation, Sri Kapahi seriously requested us to keep on hold, all our further moves in

that direction with an assurance that he understands the seriousness of the situation and he will

immediately take up the matter with General Secretary and revert to us. With these introductory

remarks, Mr Mahadevan requested Sri Sreenivasa Murty, to share information with the EC on his recent

efforts and their outcome.

3. Sri Murty explained in detail, the gist of his personal discussions with Sri GN Sridharan, General

Secretary and other activists of the Federation on 3rd

and 4th

July 2014, in Chennai. He also referred to

his interaction with different people (including Dr Pritam Singh) between 10th

and 12th

July in Delhi. The

thrust of Sri Murty’s elaborate exercise is that the manner in which Sri G N Sridharan is pursuing his legal

steps and his declared strategy are not in the interests of LIC pensioners, not even in the best interests

of the pre- August 1997 retirees, contrary to his professed claims. In the circumstances Sri Murty feels

that the EC may have to take a view and decide on the steps to be taken to play a proactive role to

protect the interests of all its members.

4. There was extensive, free and frank discussion with wide participation. All the office bearers, EC

members and the special invitees present agreed with the opinion and assessment of the overall

situation as presented by Sri Murty. Various urgent possible steps and their implications were discussed

in depth, keeping in view the procedures involved and the legalities of the same. At the end, EC TOOK

NOTE of the following:

1. Sri Sreenivasa Murty thinks that unless the General Secretary withdraws or suitably modifies his

Interim Application dated 3rd

March 2014 before the SC it will be necessary to suitably oppose it

ourselves.

2. The only way to oppose the IA is to intervene in the Supreme Court ourselves and take to the

SC’s notice that the prayer in IA No 3 is not acceptable to a majority of the members of the

Federation.

3. In order to intervene, there should be a duly registered Association of members with common

interests.

4. Sri Murty reported that he is ready and is making arrangements to facilitate registering such an

Association, at Hyderabad immediately. He will be doing so on his own, after resigning his EC

Membership of the Hyderabad Association. He suggested that the EC of the Hyderabad Unit of

the Federation, in its meeting today may take a view and decide on how it proposes to go about,

in the given circumstances.

5. In the above background, it has been unanimously resolved as follows:

1. EC and the special invitees present fully appreciate and agree with the analysis of Sri Murty

and record their firm resolve to take all appropriate steps to protect the interests of all its

members.

2 The Association shall immediately issue Notice and call for an Extraordinary General Body

Meeting of the Association and obtain necessary mandate of the General Body on how to

move forward, including, if necessary and if so decided, to disaffiliate the Association from the

Federation and to merge with the new Association being registered so as to lend all legal

support to intervene in the Supreme Court.

3. Our Association will keep the Federation’s Office Bearers and the EC members fully

informed from time to time, of the developments and action being taken by this Association

and some of its active members.

4. Secretary is requested to issue Notice immediately and convene the Extra Ordinary General

Body Meeting at the earliest possible date providing the required notice of 15 days to

members to transact the following items on the agenda:

AGENDA

1. To review the latest developments in the Federation as discussed by the EC in its

special Meeting on 14th

July 2014

2. To discuss and take decisions on the following:

A) To discuss and decide whether Our Association should disaffiliate itself from the

Federation of Retired LIC Class I officers’ Associations, and

B) To decide on merging the Association with the new Association being formed and

registered by some retired Class I Officers.

3. Any other matter with the permission of the Chair.

This day Sri C H Mahadevan has tendered his resignation from the Executive committee of Federation

of Class-I officers' Associations as a result of obstinate attitude of Sri GN Sridharan, who appears to have

assumed the role of an architect of creating division amongst the pensioners' community. The copy of

the resignation letter is appended.

We, once again, request our President Sri SK Kapahi to intervene and save this organisation from the

split by persuading Sri GN Sridharan to leave the path of destruction.Sir, Please remove the mask of

Dhritarastra from over your face.

With regards and greetings,

Subir Kumar Mazumder.

GENERAL SECRETARY

LIC RETIRED CLASS-I OFFICERS' ASSOCIATION

Kolkata.

RETIRED LIC CLASS I OFFICERS’ ASSOCIATION, HYDERABAD

(Affiliated to the Federation of Retired LIC Class I Officers’ Associations)

President: Secretary:

Sri C.H.Mahadevan Sri Y V Subba Rao,

Flat # 101, LAXMI NIVAS Flat # F-3, Soujanya Avenue,

8-2-293/K/13, Plot # 13, Phase III, Plot # 98, S B I Colony,

Kamalapuri Colony, Gandhinagar,

HYDERABAD 500073 HYDERABAD 500080.

Tel: 040-23550520 Tel: 040-27535797

Mobile: 9849314013 Mobile: 9491124614

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To 28/7/2014

Shri S.K.Kapahi,

President,Federation of Retired LIC Class I Officers’ Associations,

Flat No A-404,

Green Gagan,Plot No 14,

Lane No 2, MHADA Colony,

Near Lokhandwala Circle,

Kandivli East,

Mumbai-400101

Dear Sir,

Re: My resignation from the Executive Committee of the Federation

For quite some time, I have been requesting the Federation in my capacity as an Executive Committee

member of the Federation and as an office bearer of the Hyderabad Association, to consider

withdrawal or suitable modification of the I.A. filed by the Federation in the Supreme Court in March

2014 which is expected to be listed for hearing in the 2nd

week of August, 2014.

The e-circular dt 28/7/2014 issued by the General Secretary gives a clear indication that the Federation

is decisive in pursuing the IA in its present form. This step on the part of the Federation is detrimental to

the interest of our members- even the pre-August 1997 retirees whose interests are purported to be

served by the IA.Even though the decision seems to have been reportedly favoured by the majority of

the members of the Executive Committee, obviously the decision does not seem to have resulted from

an open discussion and debate among the EC members after circulating the IA to all members.

In the circumstances, my conscience does not permit me to be a party to this decision and hence I

hereby tender my resignation as Executive Committee member of the Federation. I request you to

accept the same with immediate effect.

I thank the Federation for giving me an opportunity of serving as a member of the Executive Committee.

Thanking you,

Yours faithfully,

C H Mahadevan

Cc to Shri G.N.Sridharan,

General Secretary, Federation of Retired LIC Class I Officers’ Associations, Chennai for information

A REMINDER TO SHRI ARUN JAITLEY

Sri Arun Jaitley,

Finance Minister,

Government of India.

Most Revered Sir,

We draw your attention to the following facts for your consideration and immediate action.

1) Sri Muneeswarnath Bhandari,Single Judge of Jaipur Bench of Rajasthan High Court admitted two writ

petitions filed by Sri Krishna Murari Lal Asthana on12th January 2010 with regard to

a) 100% Neutralisation of Dearness Allowance to Pre-August retirees of LIC

b) To revise pensions according to wage revisions effected in 1992, 1997, 2002 and 2007.

The Judge directed LIC to implement the resolution of the LIC Board dated 24th November, 2001.

The resolution was in respect of

i) Neutralisation of D.A and

ii) Upgradation of pension according to every wage revision.

The appeal of LIC challenging the above verdict was dismissed by the division bench of Rajasthan High

Court on 21st January 2011. The review petitions filed by LIC on this verdict were dismissed by the

Rajasthan High Court on 19th August 2011. The Punjab & Haryana High Court, Chandigarh High Court

quoted the judgement of Sri MN. Bhandari and ordered LIC to pay the amounts due to pensioners with

12% interest. The Delhi High Court also quoted the Judgement of Sri MN. Bhandari and made it

applicable to all pensioners. Two special leave petition filed by LIC before Supreme Court to set aside the

judgement of Sri M.N.Bhandari were dismissed by the Supreme Court on 19th August 2013.

The Supreme court on 30-9-2013 rejected the prayer of LIC to grand stay on the operation of the

judgement of Chandigarh High court in respect of Sri Mc Jain v/s LIC. This relates to fixation of pension

according to wage revisions from 1992 to 2007. The above facts manifest the deliberate defiance court

verdicts by LIC and its disregard for the majesty of the courts of law in our country.

We pray your good self to give proper directions to LIC to obey and take immediate steps for

implementation of the verdicts of the courts. Nearly 10,000 pensioners died during this 16 year old

litigation. It is not uncommon to hear regularly about the passing away of fellow pensioners. Please help

us to live in peace in the twilight years of our lives by an equitable and just dispensation according to the

verdicts of courts.

The memorandum dated 7th June 2014 handed over to Hon. Shri Venkaiah Naidu is already in your

ministry. We earnestly hope that our prayers will be promptly addressed by you.

Thanking you,

Yours faithfully,

KKD.Hanumantha Rao,

Acche Din Aane Wale Hai? Parliament Members are soon to get a 75 per cent hike in their Pensions.

That is from Rs.20000 to Rs.35000/- pm.

There is also a proposal to give service weightage to these public servants. If they are MPs for period in

excess of 5 years there will be additional monthly pension for them. This increase would be 2000 p.m.

There is no requirement of minimum service to be rendered.

Everyone must feel happy about this. Because the country will be happy and peaceful if peoples'

representatives are kept happy and comfortable.

Let us hope with this proposed increase which they grant themselves, they will not resort to twisting of

mikes and breaking of furniture to give vent to their democratic outrages. They also get an allowance for

attending parliament . Mind you " for attending." Even if the live footage shows empty benches. No

wonder their example is followed by people. Do you not see vacant seats in offices inspite of full

attendance? " Yadha Raja Tadha Praja."

Now that the needs of parliamentarians is being met, we appeal to them to consider favourably the long

pending issues of updation of pension etc., in financial sector

Employees get pensions on retirement. Do the politicians and parliamentarians retire on attaining

certain age? It is the ungrateful people who force retirement on them? Even then they do not retire.

Defeated parliament members can still hope for gubernatorial postings if they belong to ruling party.

Whoever said Politics is a thankless job?

(THE HINDUSTHAN TIMES NEW DELHI 28-7-2014 PUBLISHED THIS HAPPY NEWS.: B. GANGA RAJU)

SOURCE : CHRONICLE ……. RB KISHORE

AIBRF Circular No. 2014/96 Dated 14.06.2014

BIPARTITE TALK OF 13-06-2014 A) We are happy to inform you that in the bipartite talk of 14-06-2014 the retiree issues were discussed and IBA

informed as under:-

(1) IBA is favourably inclined to consider 100 percent Dearness Allowance to all retirees including pre-2002

retirees and have written to the government for approval. Approval is awaited.

(2) As regards improvement in family pension, IBA is favourably inclined to consider and will recom- mend to the

government for approval after studying cost implications.

(3) As regards updation exercise for the past retirees, IBA is apprehensive about it in view of huge cost involved in

it.

We feel it is big move forward on retiree issues. However we have to be vigil till our all demands are achieved in

this settlement. We convey our thanks to UFBU leadership for taking the retiree forward..

UFBU Circular No. 24

BIPARTITE DISCUSSIONS WITH IBA ON WAGE REVISION :

After the last round of negotiations held on 14-3-2014, another round of discussions took place with IBA

on 13-6-2014 in Mumbai in the background of the new Government taking over at the Centre after the

general elections.

UFBU meeting : Prior to the discussions with the IBA, meeting of the UFBU was held. The meeting

observed a minutes' silence to pay homage on the death of Dr Shanti Patel, veteran trade union leader

of HMS and Port and Dock Workers. The meeting took stock of the developments since our last meeting

held in March, 2014. The meeting welcomed the new Government under the Prime Ministership of Shri

Narendra Modi and hoped that the basic problems of the people and workers would be addressed by

the new Government. The meeting noted that in addition to the pending demands of UFBU for wage

revision, there are other challenges too like the recommendations of P J Nayak Committee, talks of

dilution of Government's capital in Banks, merger of Banks etc. The meeting decided to take a

delegation of UFBU to the Finance Minister to apprise him of our issues and demands. Discussions with

IBA: In the wage revision talks, the IBA was represented by Mr. T M Bhasin, Chairman of the Negotiating

Committee along with other members. UFBU was r epresented by all the Constituent Unions.

Opening up the discussions, Mr. Bhasin explained the present banking scenario where the profits of the

Banks have come down as on 31-3-2014 adding to the constraints of the Banks to take up any huge

financial burden in the form of wages. After submissions from UFBU, IBA informed that they are willing

to improve their offer from earlier 10% to 11% on the cost of Pay Slip components of the wage bill which

would amount to Rs.3,465 crores and which would be exclusive of other costs on retirement benefits,

LFC, hospitalization expenses, etc. From UFBU, we expressed our inability to accept this offer as the

same was quite inadequate.

B) As regards other issues discussed with the IBA in the last two rounds of discussions, IBA informed that

they are favourably inclined to consider the demand of extending 100% DA for all pensioners and the

same is awaiting the approval of the Government. On our demand for improvement in Family Pension,

IBA's response was positive but they informed that the cost implication has to be properly worked out

and Government's approval is necessary for the same. As regards updation of pension, IBA was

apprehensive about the same since it involves substantial financial burden to the Banks. IBA also

informed that our demand for extending appointment on compassionate grounds in the Banks on the

lines of Government scheme is under the active and positive consideration of the Government and their

decision is awaited.

C) Since UFBU refused to accept the IBA's offer of 11% increase, IBA wanted to know the expectation of

the UFBU for which it was informed that our minimum expectation is 25% increase in the Pay Slip

components cost. IBA expressed their total inability to accept the same as I t is beyond the paying

capacity of the Banks. With this,the talks ended inconclusively. Thereafter UFBU decided that since IBA

has not come up with any adequate increase in their offer, further course of action would be taken

shortly after mutual consultations amongst the Constituent Unions and also after meeting the Finance

Minister in this regard. Further developments would be informed to units in due course.

D) NUBE Circular 5 of 2014 dated 14-06-14 states

The meeting of 13th June 2014 turned to be yet another futile, symbolic meeting with the yawning gulf

separating policy pronouncements from the ground reality. Thus the 10th Industry-wide Bipartite Wage

Settlement negotiations in the Banking sector have dragged on for more than one-and-a-half years now

without making much headway.

After a gap of 3 months with the last negotiations held on 14-3-2014 which was especially for non-

monetary issues raised by the unions, another round of discussions took place with IBA on 13-6-2014 in

Mumbai. As usual, all the eleven unions have participated in this round also. IBA informed, profits of the

Banks have come down as on 31-3-2014 and therefore they can offer maximum of 11% (increase of

meager 1% our emphasis!) on the cost of Pay Slip components of the wage bill which would amount to

Rs.3,465 crores and 4. which would be exclusive of other costs on retirement benefits, LFC,

hospitalization expenses, etc. Since negotiating unions rejected the offer of 11% increase, IBA wanted to

know the expectation of the union. A representative of the umbrella of nine unions informed that their

minimum expectation is 25% It is pertinent to note that the 11% of pay-slip is not in consonance with

the prevailing wages of comparable concerns. This is contrary to the views expressed in the Sastri

Tribunal. Hence demand of the Bank employees for ensuring parity with Government employees /

comparable institutions in fair just and right.

25% increase in the Pay Slip components cost.

It is pertinent to mention here that NUBE was the only union which while submitting its exhaustive

charter of demands of 102 pages for tenth bipartite as early as 16-06-2012 itself, with justifications

apriori demanded 45% over all increase on the establishment cost which works to 26.5% (Rs.8348 Crores)

in pay slip costs.

IBA expressed their total inability to accept the same as it is beyond the paying capacity of the Banks.

This stubborn stand of IBA is preposterous and is unacceptable to NUBE in view of the following reasons:

1. In all the previous settlements salary increase was given a load to total establishment expenses. In

this wage negotiations we have been offered on fixed pay components. As against the total

establishment expenses of Rs.56292 crores the pay slip component is only Rs.31503 crores.

2. While offer of 11% on establishment cost will work out to Rs.6192 crores, 11% of pay slips

components expenses will amount to a measly figure of Rs.3465croresonly. Hence the offer of IBA for

one million Bank employees is far below the amount offered during last bipartite settlement.

3. The first round of negotiations started only on 22-2-2013. During this 15 month period Gross non-

performing assets (NPAs) of 40 listed Banks shot up by 35.2% or Rs.63,386 crore for the nine months

ending December 2013 to cross the Rs.2.4 lakh crore mark. This jump of 35.2% was higher than the 27%

rise witnessed in the first six months of the current financial year according to a study done by

NPA source.com, a portal which focuses on resolution of assets. Even if an infinitesimal of 1.83% of

these NPA is recovered in tune with the policy plan of the present Finance Minster is expedited with all

the seriousness, the demand of the union can be easily met without increase in the exchequer. If

amount due from four largest willful defaulters which is around Rs.9384 crores, is recovered with all

sincerity, it is enough to meet the demand of the unions without any burden and the so called capacity

to pay peddled by the IBA will fall flat on four legs. The unions will be ever willing to support

IBA/government if it initiates appropriate steps.

5. Even with 25% hike we will be just inching towards some semblance of parity with pay of government

employees if we evaluate the projected salary in anvil in the wake of 7th Pay Commission.

E) On other issues : The only silver lining in the meeting was that IBA is favourably inclined to consider

demand of extending 100% DA neutralization to all pensioners. IBA also seems to have shown positive

response to improvement in Family Pension. However, unions still need to do lot of work as IBA has not

committed anything and only shown positive response. Thus, a ray of hope continues for pre-2002

retired Bank employees for 100% DA. As regards updation of pension, IBA has outlined it involves

substantial financial burden to the Banks. This means in all sectors, including Central and State

Government, whenever there is an industry wise wage increase, pension will also be increased. In

Banking Sector it is not so. Hence a G.M retired 10 years back is drawing less pension than a clerk retiring

now. IBA onceagain reiterated that our demand for extending appointment on compassionate grounds

in the Banks on the lines of Government scheme is under the active and positive consideration of the

Government and their decision is awaited. Needless to underscore here that proposal agreed between

Unions and IBA is pending with Government for considerable period of time, therefore brooks no

further delay.

F) Regarding Improvement of Hospitalisation Expenses, IBA reiterated that the scheme provided by

them should be considered by the Union. A letter of reassurance from the service provider was also

given to the Unions on the negotiation table.

On the issue of five days week, IBA said that looking to the approach of the new government at the

centre for more working hours, it is not possible for them to pursue the issue any further.

G) Comrades, The preposterous, stubborn stand of IBA has shattered our hopes and battered our dreams

of an early settlement. The entire workforce have felt the insult inflicted by IBA, who failed to live upto

the expressions made by IBA Chairman in the first round of discussions held on 22-03-2013 that "the

settlement would be concluded at the earliest with reasonable, respectable and comparable wage

revision compared with external factors".

We should take a call on these adverse developments in toto and chalk out further agitational

programmes of higher form to seize 10th Bipartite Wage Revisions from the unyielding hands, no holds

barred.

H) Pension Updation: The relevance of the demand for Pension updation became more poignant in the

light of the acceptance of one-rank one pension principle for retired defence Personnel announced in

the recent interim budget of the GOI.

We prepared a note on our demand for pension updation and submitted it to Hon'ble Sri. P.

Chidambaram, Finance Minister on 24-02-14 wherein we sought immediate implementation of pension

updation for Bank pensioners also. A subsequent development is the following one.

Government gives in-principle agreement to implement Pension updation in Reserve Bank of India.

The following significant editorial has appeared in Reserve Bank Retired Employees' Association Mumbai

Bulletin, Retirees' HITGUJ ISSUE DATED !5th APRIL 2014.

" At long last, Government accorded in principle approval for updation of pension with certain

conditonalities which is a positive and encouraging development. The proposals are as under:

1. Pension updation once in 10 years as in Government,

2. Pension to be computed on pay and grade pay as in Government (this will require amendment to

Pension Regulations),

3. Revision of pay scales once in 10 years,

4. All perks to be rationalised,

5. Pension option to be opened alongside.

This is a package

The Forum expressed their reservations and apprehensions. There is at present stalemate. Our

Association sought audience with Shri R L Das, CGM, HRDM, for an update, on 19-03-2014. It emerged

from the discussions that Govt. has accepted in principle that there is need for updation in RBI and the

pension is expected to be aligned with the revision of pay scales effective from 1-11-2012 which is

expected to result in same rank same pension. This information will be simulated. CGM also indicated

that RBI can act within the provisions of RBI ACT, to take care of any misalignment with the Govt. salary

and the Banking industry. CGM also told that the GOVERNOR was instrumental in breaking the ice on

updation which was eluding for 6 long years. CGM also assured that representatives of our Association

will be invited for discussions on matters concerning pensioners / retirees whenever occasion

arises” AIBRF in one of its recent communication has stated "We have come to know from unconfirmed

sources that Labour Minister and Department of Personnel in Home Ministry have prepared detailed

note on pension updation in financial sector to be placed before the new government.

I) In this connection, we also invite reference to the memorandum submitted by us in November 2013 to

Hon'ble Shri.V.Narayanasamy, then Minister of State Prime Minister office Ministry of Personnel, Public

Grievancesand Pensions,GovernmentofIndia and which was receivedon 09-12-13 and registered as a

grievance by the Ministry of Personnel, Public Grievances and Pensions, Dept of Pension & Pensioners'

Welfare. Our representation was forwarded to Sri. S.C.Das, Deputy Secretary, Dept. of Financial Services

(Banking Division) on 17-12-13 requesting him to have the representation examined and the grievance

redressed within the time frame of 60 days. Thus you will find that all the above developments are inter

connected and our organization has played a very significant role in making these things happen.

The third meeting of our Central Committee was held in Chennai on 19th April 2014. The Committee

discussed about the various developments. The CC was appraised about SLP filed by our Association in

Supreme Court of India and the in-principle agreement given by Govt for Pension updation in RBI. The

Committee also discussed various organizational issues and chalked out various steps to strengthen our

organization

Collection : R.B.KISHORE

ASSOCIATION NEWS: The first meeting of the Governing Body of the Kolkata Association for the year 2014-15 was held today,

the 8th

day of July 2014, with Sri Chandra Sekhar Bhattacharjee in the chair.

The meeting reviewed collection of Donation @ Rs.250/- by each member to our Federation of Retired

LIC Class-I Officers’ Associations. The Outgoing Treasurer, Sri Saroj K Chakraborty appraised the house

that till date Rs.19050/- could be collected. It was decided to remit the amount at the earliest to

Federation by way of depositing the amount by cheque with Federation’s Bank account with corporation

Bank.

The outgoing General Secretary reported the happenings in the matter of our pension up-gradation in

different courts and meetings with Hon’ble Ministers by leaders of different organizations.

It was decided to co-opt S/sri Rameswar Das, Subrata Kumar Ghosh,and Nirapada Kundu to the

Governing Body.The names of the office bearers were proposed by Sri Basudeb Das, seconded by sri

Purna Gopal Saha. In absence of any other proposal the proposed office bearers were elected

unanimously with Sri Ajay Kumar Banerjee as President and Sri Subir Kumar Mazumder as General

Secretary.

The comprehensive list of office bearers and other members with contact numbers is provided with

separately..

The elected General secretary, Sri Subir Kumar Mazumder, proposed the following members as

“MENTORS”, S/sri Aoke Nath Ghose, Ajit Kumar Bose, Manoranjan Ghosal, Santi Bhusan Kahalli, Bishnu

Pada Ghosh, and Jyoti Prakash Banerjee followed by S/sri Radha Binod Mondal, Dilip Kumar Ghosh,

Amar Kumar Goswami, Parimal Kumar Roy, Utpal Bandopadhyay, Prasun Kumar Mitra, Murari Mohan

Roy as “SPECIAL INVITEES”.

The meeting was over after our newly elected President, Sri Ajay Kumar Banerjee, addressed the house

in his own charming style of mesmerizing the listeners. He wished the members of the association,

cherished desire & derive fulfillment.

THE GOVERNING BODY FOR THE YEAR 2014-15

1 Sri Ajay Kumar Banerjee President 9433746403 25773161

2 Sri Ajay Kumar Sengupta Vice-President 9836209404 22876824

3 Sri Chandra Sekhar Bhattacharya Vice-President 9331248598 25567656

4 Sri Pashupati Bandyopadhyay Vice-President 9831713038 24149839

5 Sri Bibhuti Bhushan Paul Vice-President 9433044966 24627092

6 Sri Ananda Kishore Mahato Vice-President 9830337436 25004374

7 Sri Subir Kumar Mazumder Genl Secretary 9433279070 65400159

8 Smt. Jharna Chowdhury Joint Secretary 9831202321 25382549

9 Sri Purna Gopal Saha Joint Secretary 9831643640 25656024

10 Sri Subrata Kumar Ghosh Joint Secretary 8582962243

11 Sri Sunil Kumar Das Joint Secretary 9903506858 23350122

12 Sri Nirapada Kundu Joint Secretary 9433677505 23580167

13 Sri Saroj Kanti Chakraborty Treasurer 9433618485 25658428

14 Sri Partha Chatterjee Member 9038634932 25432369

15 Sri Rameswar Das Member 9051162814

16 Sri Basudeb Das Member 9432065640 26221030

17 Sri Bhupendra Nath Mitra Member 65290542

18 Smt. Anubha Sarkar Member 9830323007

19 Sri Santosh Ranjan Chanda Member 9433045204 24383481

20 Sri Sailendra Nath Patwari Member 9433676314 24165953

21 Sri Tapan Kumar Sanyal Member 8100697667 24770614

MENTORS

22 Sri Sri Aloke Nath Ghose 23586552

23 Sri Ajit Kumar Bose 9903104430 23218026

24 Sri Mano Ranjan Ghosal 9433293551 24071664

25 Sri Santi Bhusan Kahali 9830378336 24114254

26 Sri Bishnu Pada Ghosh 9830316370 25185815

27 Sri Jyoti Prakash Banerjee 9339734379 25552299

SPECIAL INVITEES

28 Sri Radha Binode Mandal 9433626225 23372336

29 Sri Dilip Kumar Ghosh 9831122129 24906057

30 Sri Parimal Kumar Roy 8981425363 24342771

31 Sri Amar Kumar Goswami 9433669803 25632888

32 Sri Murari Mohan Roy. 9830203566 26627383

33 Sri Utpal Bandopadhyay 9433416399

34 Sri Prasun Kumar Mitra 8902652108

In our Last issue we expressed that pensioners’ attention are now diverted to Supreme Court when the

Court will hear all the three civil Appeals preferred by LIC with the hope of something positive to happen

on 12th

August ’14. We are getting restless and desire the Supreme Court to move fast and decide upon

the civil appeals in our favour on the first day itself losing sight of the fact that the legal procedures take

much longer time than we normally expect.

After NDA Government assumed charges of the Government of Union of India at New Delhi, certain

activities by associations / Federations and individuals are visible. The leaders at different places have

submitted memorandums to Hon’ble FM, other union ministers, Members of Parliament, and political

leaders who have access to the seat of power.

General Secretary of Federation of Retired Class-I officers’ Associations, our parent body, has also

submitted memorandum to Hon’ble Finance Minister.

Unity move by some leaders of different organizations with the objective of placing converging

arguments during the hearing at SC by the different respondents of the Civil Appeals have so far not

seen the light of the day because of looking at the issue differently being the principal reason. One

association views the issue as the issue of only pre-Aug’97 retirees forgetting the fact that the

overwhelming number of members of its affiliated units are post-July’97 retirees and the objective

situation demands a fresh look particularly after the Rajasthan HC verdict by Justice Bhandari.

The IA no 3, submitted in last March by Federation of Retired Class-I officers’ Associations to Supreme

Court in the matter of C.A. NO. 9223 OF 2013,.speaks of only the plight of pre-Aug’97 retirees as if the

federation represents only pre-Aug’97 pensioners. This is a dangerous phenomenon inviting division

amongst the pensioners. Hopefully the intervening application by Sri KML Asthana in CA no 9223 of

2013 will protect all the sections of pensioners if it is accepted by SC.

Meanwhile the Supreme Court dismissed LIC’s SLP on 2/7/2014 the SLP No 16713/2014 of LIC filed

against the Jaipur Division Bench judgment of Rajasthan High Court dated 17/12/2012 in the matter of

MC Jain vs. LIC. This dismissal of SLP will bring relief to all retired employees retired between

01/08/1992 and 31/03/1993.According to Sri CH Mahadevan, those who were in Cl-I or II cadres during

the period but retired after that date or will retire in future will also be benefited.

Rajasthan HC( Jaipur) - C W 3508 of 2014 R—6604/2014 between AIRIEF and LIC for implementation

order of historic Rajasthan HC judgement by justice Bhandari is listed for 25.8.2014.

There have been some positive signals on the banking front. Let those signals be transformed in to

reality.

Let us be optimistic believing firmly that victory shall be ours because reasons are with us and the legal

battle is near to conclusion stage. Let the believers of division among the pensioners be crushed and

lost.

Nerurkar on behalf of Fedn informs quantum of contribution for Legal Fund: Bangalore---Rs.60,000, Chenni----Rs.15000, Delhi----Rs.35500, Coimbatore----Rs. 6750, Lucknow---

Rs.15000, Ernakulam-----Rs. 10000, Mumbai----Rs.207500, Nasik----Rs. 5000, Orissa----Rs.10000,

Guwahati----Rs.10000, Thiruvananth puram ----Rs.5000, Silchar----Rs.8000, Kolkata----Rs. 20,000

SK MAJUMDER’S LETTER: Respected Sri Kapahi,

Last night, a mail has been sent by our Kolkata association to Sri GN Sridharan with copy to you and

some other leaders. In our mail, we have clearly expained our position and have made to appeal for

withdrawal of the IA or suitable modification of the same.The purpose of this mail is for your kind

intervention to make Sridharanji understand the realities of the situation.His attitude, ego, and

shortsidedness due to his old age has been causing the immense damage for the organisation.Because

of his autocratic approach, Hyderabad Association have decided to move on their own.

Sir, your kind intervention only can save the organisation from the dangers of disintegration.Kindly do

not allow sridharanji to be the chief architect of splitting the organisation causing immense pain for all

of us.

With Kind Regards,

Subir Kumar Mazumder, Kolkata.

TO ALL AFFILIATED UNITS : OUR IA IN THE SC

We have today dispatched BULK copies of latest circular dated 25/7/2014. We have therein explained

our approach and the actions taken by us in terms of the direction of our EC. We hope that members of

all units will receive the copy in about four days. In the meantime we wish to report that our Kolkata

Association has been stressing that our IA in the SC has to be amended to ‘encompass’ the interest of

the upgradation for all retires and not confined to the DR Anomaly only. It is therefore to reproduce

below the prayer in the IA.

“Direct the LIC to pay to the applicants or alternatively deposit within a stipulated time, the amounts

due to the members of the applicant federation as deposited in the case of the petitioners who had

approached the Rajasthan HC and in view of the fact that this Hon Court has declined to grant stay of

the order dated 30.1.2013 of the Delhi HC.”

It will be observed that the above prayer does not in any way come into conflict with the order of the

Rajasthan HC. It is also to be added that the prayer was worded by our Counsels to keep the matter

simple and not to give room for LIC to make in unnecessary points in their counter and delay the matter.

As for upgradation issue, it is to be mentioned that there was golden opportunity to elicit and seal the

real intention of the resolution of 2001 but that was allowed to slip away in spite of the HC direction to

get clarification in the contempt proceedings. The petitioners had withdrawn the contempt virtually

closing the opportunity for a judicial scrutiny of the upgradation issue. In the natural course, we had to

wait for the disposal of the appeal.

The other alternative is agitate explicitly at this stage, by filing an IA in the pending appeal arising out of

the Rajasthan HC preferably by the concerned petitioners or in the absence thereof by our ourselves by

an impleading petition.

Our Units may ponder over the issue arising out of the Kolkata Association’s stand keeping in mind that

our IA is likely to come up in the next fortnight. Any revision or meddling of prayer in our IA will involve

fresh notice to LIC and the consequent delay. There is already an intervention in our IA by others.

With Greetings

GN Sridharan, General Secretary

LIC NEWS:

Following changes in benefits and other policy conditions have been

incorporated in the Medi-claim policy for the year 2014-15.

Group Mediclaim Policy for the year 2014-15 has been issued. Following changes in benefits and other

policy conditions have been incorporated in the policy.

1. Room, Boarding Expenses as provided by the hospital including Nursing charges, should not exceed

1.5% of Compulsory Floater Sum Insured per day, subject to maximum amount of Rs.7500/- per day.

2. Expenses in respect of claim relating to Cataract shall be limited to Actual or maximum of Rs.60000/-

for each eye, whichever is less. Old limit was Rs.40000/- for each eye.

3. In case of Maternity Expenses Benefit, the maximum benefit allowable for ‘Normal Delivery’ shall be

Rs.65000/- (old limit was Rs.50000/-) and for ‘Cessarian Section’ the medical expenses upto Rs.125000/-

(old limit was Rs.100000/-) shall be reimbursed.

4. Four additional Diagnostic Tests, i.e. Gastroscopy, Colonoscopy, EEG and EMG without

hospitalization shall be covered.

5. One additional treatment (Organ Transplantation) shall be included for Cashless Facility.

6. The reasonable, customary and Medically Necessary Surgeon fee and Anesthetist fee shall be

reimbursed, limited to the maximum of 25% of Sum Insured where bills raised by Surgeon, Anesthetist

directly and not included in the hospitalization bill.

7. Fee paid directly to Surgeon/Anesthetist in cash will be reimbursed upto a limit of Rs.10,000/-.

8. Maximum amount payable for Lasik Laser treatment performed to get rid of spectacles and/or

contact lenses shall be Rs.35,000/- per eye.

Administrative Officer,

PERSONNEL/ER-A DEPT., CENTRAL OFFICE.

FINANCIAL:

NDA BUDGET 2% TDS ON INSURANCE POLICY PAYMENTS wef 1 OCTOBER 2014

From 1st October 2014, your insurer will deduct tax at source of 2 per cent from maturity

proceeds of a life insurance policy if the premium paid is more than 10 per cent of the sum

assured.

Currently, under section 10(10D) of the Income Tax Act, any sum received from a life insurer is

not taxable if the premium payable is upto 10 % of the sum assured. Tax would be payable as

per your tax slab if the premium exceeded the 10 per cent amount. However, since there was

no TDS, several assessees avoided the tax.

The finance bill 2014 states "In order to have a mechanism for reporting of transactions and

collection of tax in respect of sum paid under life insurance policies which are not exempted

under section 10(10D) of the Act, it is proposed to insert a new section in the Act to provide for

deduction of tax at the rate of 2 per cent on sum paid under a life insurance policy, including

the sum allocated by way of bonus, which are not exempt under section 10(10D) of the Act."

It has also been proposed that no deduction under this provision shall be made if the aggregate

sum paid in a financial year to an assessee is less than Rs 1 lakh. In 2012-2013 the threshold of

premium payable was reduced to 10 per cent of the actual capital sum assured from 20 per

cent. - RB KISHORE

AICPI-IW : 17 SLABS DA FELL DUE FROM PENSION OF AUG’2014

January ,2014 237 5409.74

February,2014 238 5432.56

March, 2014 239 5455.39

Average for the quarter 5432.56

April, 2014 242 5523.87

May, 2014 244 5569.52

June, 2014 246 5615.17

Average for the quarter =732/3=244=244x4.63x4.93/3= 5569.5196

Increase in CPI=5569.5196-5500=69.5196/4=17.3799=17 SLABS FOR Pensioners

wef 01/08/2014 and 34 slabs to service employees. ( SOURCE : RK SAHNI, HARYANA)

CALCULATION FOR BASIC PAY : 9000 (WITHOUT CV)

PENSION FROM 01.02.2014 : 9000 + 9000 X 0.15% X 639 = 17627 pm

PENSION FROM 01.08.2014 : 9000 + 9000 X 0.15% X 656 = 17856 pm

OF IMPORTANCE

LETTER TO CHAIRMAN BY GS, FEDERATION OF CLASS I OFFICERS’ ASSOCIATIONS:

The Chairman

LIC of India, Mumbai. Dated 14th July 2014.

Respected Sir,

RE : SAD DEMISE OF ABM(S) AT WARRANGAL DO-1

We write this letter to you with a sorrowful heart after hearing the suicide of one of our young officers

Mr. Ravishankar, ABM(S), Warangal. In his death statement to the Magistrate, he has clearly stated that

he was not allowed to go to meet his family for the last 2 months, forced to work even on Sundays and

asked to get 30 questionnaires completed every day by himself (along with other work) and submit to

MM. Our enquiry has revealed that this is happening in many Divisions, force our marketing officials to

go beyond the lines, where, over enthusiastic Officials want to catch the attention of the Chairman. Is

this good for a great organization like LIC, which always try to implement the best HRD principles? We

are absolutely sure that you will never have any such intentions in your mind when you envisaged the

campaign based on voter list. But at the ground level, it is being used in a different way, undermining

the very purpose of it.

Over the past few years, insurance marketing has become tough and the marketing officials are bearing

the pressure of it. Adding salt to the wound is the attitude of some of the In–Charge SDM and ZMs. In

spite of supporting and motivating people, every review meeting has become a harassment session

where people are intimidated and demotivated to the core. People come out of meetings cursing their

destiny, instead of getting motivated. Earlier they used to say,”the Development Officer will not do so

you do it”. Now they have started saying that the “Agent will not do, so you have to do it”. Exceptions

may be there, but this is the overall trend. Many of the In–Charges believe that, by keeping Officers

away from their family, they can make them slaves to work. Our question is what for we are working if

not for the family? Many SDMs have issued a circulars that for Marketing Officials even for taking one

day casual leave, his prior permission is required. One SDM has made a study of Satellite BMs based on

their concurrencia to establish that they work for only meals coupon. He also made a cost benefit

analysis of SOs to prove that SOs are unproductive, as if an Officer has asked for his posting to SO on his

own. We can site number of instances where basic human rights are violated and the law of the country

is taken for a ride. What will happen to the image of the Corporation if these aspects are brought before

the Human Rights Commission?

Hence we humbly request your urgent intervention in this regard and give suitable instructions to the In-

Charges of Zones and Divisions to put an end to the harassment of marketing officials in the name of

business and to provide a supportive and facilitating environment so that a stronger LIC is evolved

without creating more victims/ martyrs.

With regards,

S. RAJKUMAR

GENERAL SECRETARY

Existence certificate to be submitted by 15 th August’2014 : Proforma

LIFE INSURANCE CORPORATION OF INDIA,

CENTRAL OFFICE

SHRI/SMT._________________________S.R. NO.__________FILE NO.:_______

CERTIFICATE OF EXISTENCE

As on 1st August every year

I, ____________________________ hereby certify that the pensioner

Shri/Smt._______________________S.R. No. is seen by me in person on date. His/Her signature

below is attested by me and I am fully satisfied

about his/her identity.

Dated at this day of 2014.

__________________________ Counter signature of Certifying Authority

(Signature of the Pensioner)

Name :_____________________________

SR No. _____________________________

Designation :_________________________

Address:____________________________

____________________________________

____________________________________

HEALTH TIPS:

A BANANA A DAY KEEPS THE DOCTOR AWAY !

A BANANA A DAY KEEPS THE DOCTOR AWAY A professor at CCNY for a physiological psych class told

his class about bananas. He said the expression 'going bananas' is from the effects of bananas on the

brain.

Read on:Never, put your banana in the refrigerator!!! This is interesting. After reading this, you'll never

look at a banana in the same way again.

Bananas contain three natural sugars - sucrose, fructose and glucose combined with fibre. A banana

gives an instant, sustained and substantial boost of energy.

Research has proven that just two bananas provide enough energy for a strenuous 90-minute workout.

No wonder the banana is the number one fruit with the world's leading athletes.

But energy isn't the only way a banana can help us keep fit. It can also help overcome or prevent a

substantial number of illnesses and conditions, making it a must to add to our daily diet.

Depression: According to a recent survey undertaken by MIND amongst people suffering from

depression, many felt much better after eating a banana. This is because bananas contain tryptophan, a

type of protein that the body converts into serotonin, known to make you relax, improve your mood and

generally make you feel happier.

PMS: Forget the pills - eat a banana. The vitamin B6 it contains regulates blood glucose levels, which can

affect your mood.

Anaemia : High in iron, bananas can stimulate the production of haemoglobin in the blood and so helps

in cases of anaemia.

Blood Pressure: This unique tropical fruit is extremely high in potassium yet low in salt, making it perfect

to beat blood pressure. So much so, the US Food and Drug Administration has just allowed the

banana industry to make official claims for the fruit's ability to reduce the risk of blood pressure and

stroke.

Brain Power: 200 students at a Twickenham (Middlesex) school (England ) were helped through their

exams this year by eating bananas at breakfast, break, and lunch in a bid to boost their brain power.

Research has shown that the potassium-packed fruit can assist learning by making pupils more alert.

Constipation: High in fibre, including bananas in the diet can help restore normal bowel action, helping

to overcome the problem without resorting to laxatives.

Hangovers: One of the quickest ways of curing a hangover is to make a banana milkshake, sweetened

with honey.. The banana calms the stomach and, with the help of the honey, builds up depleted blood

sugar levels, while the milk soothes and re-hydrates your system.

Heartburn: Bananas have a natural antacid effect in the body, so if you suffer from heartburn, try eating

a banana for soothing relief.

Morning Sickness: Snacking on bananas between meals helps to keep blood sugar levels up and avoid

morning sickness.

Mosquito bites: Before reaching for the insect bite cream, try rubbing the affected area with the inside

of a banana skin. Many people find it amazingly successful at reducing swelling and irritation.

Nerves: Bananas are high in B vitamins that help calm the nervous system.

Overweight and at work? Studies at the Institute ofPsychology in Austria found pressure at work leads

to gorging on comfort food like chocolate and chips.. Looking at 5,000 hospital patients, researchers

found the most obese were more likely to be in high-pressure jobs. The report concluded that, to avoid

panic-induced food cravings, we need to control our blood sugar levels by snacking on high

carbohydrate foods every two hours to keep levels steady.

Ulcers: The banana is used as the dietary food against intestinal disorders because of its soft texture and

smoothness. It is the only raw fruit that can be eaten without distress in over-chronicler cases. It also

neutralizes over-acidity and reduces irritation by coating the lining of the stomach.

Temperature control: Many other cultures see bananas as a 'cooling' fruit that can lower both the

physical and emotional temperature of expectant mothers. In Thailand , for example, pregnant women

eat bananas to ensure their baby is born with a cool temperature.

Seasonal Affective Disorder (SAD): Bananas can help SAD sufferers because they contain the natural

mood Enhancer tryptophan.

Smoking &Tobacco Use: Bananas can also help people trying to give up

Smoking: The B6, B12 they contain, as well as the potassium and magnesium found in them, help the

body recover from the effects of nicotine withdrawal.

Stress: Potassium is a vital mineral, which helps normalize the heartbeat, sends oxygen to the brain and

regulates your body's water balance. When we are stressed, our metabolic rate rises, thereby reducing

our potassium levels. These can be rebalanced with the help of a high-potassium banana snack.

Strokes: According to research in The New England Journal of Medicine, eating bananas as part of a

regular diet can cut the risk of death by strokes by as much as 40%!

Warts: Those keen on natural alternatives swear that if you want to kill off a wart, take a piece of

banana skin and place it on the wart, with the yellow side out. Carefully hold the skin in place with a

plaster or surgical tape!

So, a banana really is a natural remedy for many ills. When you compare it to an apple, it has four

times the protein, twice the carbohydrate, three times the phosphorus, five times the vitamin A and

iron, and twice the other vitamins and minerals. It is also rich in potassium and is one of the best

value foods around So maybe it's time to change that well-known phrase so that we say, 'A banana a

day keeps the doctor away!' SOURCE : CHRONICLE OF PG GANGADHARAN

PENSIONERS’ NEWS

S/Sri Dilip Kumar Chowdhury & Samiran Banerjee joined our Association. EN welcomes them.

JOKES:

PENSIONERS’ TOUR :

AT INDIA(GEDE) - BANGLADESH(DARSHANA) BORDER ON 08.07.2014

1. AK GOSWAMI, BASUDEB DAS, PG SAHA & RB MONDAL, RIGHT SIDE INDIA BORDER WITH BANGLADESH

2. AK GOSWAMI, PARIMAL ROY, RB MONDAL & PG SAHA, BEHIND GEDE RAIL GATE, THEN BANGLADESH BORDER

OUR TOUR TO NABADWIP, NADIA ON 25.07.2014 :

SONAR GOURANGA GOUR NETAI AT SRIBAS ANGAN

RADHARANI TEMPLE PORA MAA TOLA SHIBLINGA

AK GOSWAMI, PG SAHA, RB MONDAL, SK CHAKRABORTY & BASUDEB DAS AK GOSWAMI & PG SAHA

NEXT TOUR : KAMARPUKUR & JAIRAMBATI ON 22.08.2014

NOTE :

Write Ups/Information/Readers’ Views/Request with e-mail id for soft copy of monthly e-

Magazine free of cost may please be sent to our following e-mail IDs :

LIC RETIRED OFFICERS’ ASSOCIATION : licretiredofficers@gmail.com

AMAR KUMAR GOSWAMI : amarkumar1951@gmail.com

SUBIR KUMAR MAZUMDAR : eskayem@gmail.com

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